USD/JPY has been consolidating above 105.50 but has finally broke below as the market rushed to safe-haven in the Japanese Yen. But, we knew USD/JPY was already getting shaky as it was building pressure on the 105.50 support. We were anticipating a bearish breakout last week.USD/JPY Daily Chart(click to enlarge)Confirmation; Next Target:- If there is a pullback, let's see what happens in the 105.50-106 area. - If price holds under 106, bulls might give up in the short-term and USD/JPY might continue the bearish mode towards 100.- We should also monitor the 103 area. This was a pivot back i late 2016.